Is the SOL Memecoin Ecosystem being played? Who’s the Bozo exactly?
A friend of mine recently said if you have something to say, just say it. There are apples and oranges in this world. Maybe the apples like it, maybe the oranges. Don’t try to appease both. I’m not trying to appease anyone. Just to put something on the table for people to think about.
TLDR; My theory is that there is some form of HFT bots — active in the memecoin space — that I call “wealth extraction bots,” that can spot opportunity to “paint charts” for emotional investors to buy in high and scare them into selling low. Those bots are also accumulating for future market cap developments; right now they’re painting the charts, and working against investors like you.
And even if a project does everything right, that these “WEBs” are across the entire SOL ecosystem at the moment extracting money risk-free from participants.
A little about my background. I’ve been a “chart reader” small time commodity trader for almost twenty years. Used to do relatively well. Got rugged by John Corzine in the MF Global debacle of 2011 in a commingling of client funds that crashed my account.
Came into crypto May 2021 before the BAYC run. Invested heavily into a project called Divine Order of the Zodiac that is still well known by OGs. Founders jeeted early. I attempted to derug and grinded a full year to complete roadmap but was ultimately unsuccessful in derugging and sustaining project.
I have been in memecoin trading for the past few months. Invested/traded in hundreds of different memecoins.
My time at DoZ in 2021 gave me the original idea that a project with a token attached would do well.
January 5th, 2024, was the launch of $Bozo, a memecoin established by Bozo Collective. Essentially, they created what I wanted to do in 2021 but wasn’t able to. That is why I have promoted and invested relatively so much into it. As this post goes on, hopefully you will be able to see why Bozo is different and why its potential will always be high.
I also like to observe and write to bring awareness to subjects. So this post is sort of doing that and documenting what I have seen and been through recently. This post may seem a bit like a conspiracy theory post, but hopefully it makes sense to some people.
Going back to commodity futures trading. Before the takeover of HFT bots in the commodities market, small time traders could do well if they could read charts. Charting patterns have existed since the beginning of time and could be predictable and money could be made.
With the introduction of HFT (high frequency trading) bots they essentially created a system that would never lose money. These HFTs could see all stop loss orders across the system. A chart that was read by traders across the world that used to be predictable was no longer predictable because HFTs could absorb the trades of small-time traders. Essentially, they do not lose money and are risk free to a certain extent by the firms that control them.
It’s a travesty to allow “money printer” trading bots in major markets or unregulated crypto markets. Because rewards should come from risk. HFTs and the bot trading programs I will speculate about in this post are literally the definition of theft on a widespread scale. The corruption in our society is so strong however, and so many people get paid under the table to allow it to exist, that no one has been able to do anything about it.
Why does the government allow them to exist? Because it is a way for them to control price discovery in a mass inflationary system. A la gold and silver. Through smaller amounts of capital HFTs can “paint charts” as well as absorb the losses of smaller traders and essentially print money for those who control them. Which is then somehow paid out in some form to officials to turn a blind eye. I was able to see the switch from a predictable market in the late 2000s to a HFT-centric market in the early 2010s.
How does this relate to the SOL memecoin system?
I believe the same thing is occurring in SOL trading systems. You have some form of combination of HFTs and MEV bots that for the moment I would call WEBs, or wealth extraction bots.
What these WEBs do is to identify opportunities to paint charts and to create fake outs for emotional investors or traders to buy high and sell low. Through smaller amounts of capital, these high volatility unregulated memecoin charts can be “painted”. They essentially fake breakouts to have traders buy in, then can sell through a multitude of crypto wallets to paint a chart back to a level where the emotional investor will sell their tokens at a loss.
These WEBs can somehow see all wallets, buys and sells, because of the technology that exist. Once they have got enough buys on a high, they then reverse the chart to get investors to be scared enough to sell. Once enough investors have sold and they have absorbed the capital or wealth, they repeat the pattern over and over and over. Up, down, up, down, up, down. What this does is it removes the liquidity of investors who truly believe in a token or project slowly. They cause price discovery suppression, because the liquidity is being sucked dry…
Tracking the $Bozo chart has just been given me the opportunity to witness it more. I invested and traded in many different memecoins before finding Bozo and so was not able to think about what was happening until $Bozo.
But, at the same time these WEBs work in some way that they do not want to kill their hosts. They want to “prop” it in some form and paint a chart up as well for future legs up to where more money can be made when CEX (central crypto exchanges) list these tokens at a later date. So it is some form of extraction of wealth slowly from these fake outs, manipulating charts and converting back to SOL or stablecoins, through a multitude of anonymous wallets, but also propping a token if it sees potential for growth into a higher market cap, to where the process can be repeated for greater gains in the future.
They do not want to kill their host. Just merely extract it. And it’s in the best interest of the WEB to extract but to also have a plan for a higher-level market cap of price to extract more.
Lastly, the WEBs can tell when the amount of liquidity that is entering is decreasing to a level that cannot be sustained and so operations are switched to a method of extraction on the downward trend until some form of revival can occur and the WEB can begin operations again.
This can explain the pump and dump nature of SOL memecoins. Sure, some may say that it is just the nature of human investors to invest and then to move on to the next shiny thing with their capital, but it doesn’t make sense to me when it comes to the Bozo chart that I have been watching since Jan. 5th.
$Bozo is a different form of memecoin. It is the first that is not only zero transaction fees, but also deflationary built upon an ecosystem that goes into buying $bozo from revenue in multiple sources and burns the supply.
Essentially, a deflationary memecoin with an NFT project and community that is adding new members and demand in the coin should be more stable than a memecoin that does not have any foundation whatsoever. The liquidity of Bozo also makes it from what I have seen undervalued compared to other memecoins in the market. Most memecoins have very little liquidity compared to market value. Out of 10s of thousands of SOL memecoins, Bozo is #3, and yet its market value is not even close to the top five or ten.
A few days back, I predicted that this would not last, and that the increase of awareness of $bozo combined with its deflationary mechanics, it’s high liquidity and volume, would eventually increase in value, especially after a major CEX listed it, which is still in fruition to come.
This tweet has almost 20,000 reads on Twitter and has helped spread awareness of Bozo Collective and $Bozo. But this was before I was able to conceptualize the concept of WEB activity. I could see manipulation taking place, and I thought it was the “whales” that held the token, but to me it seems like a group with unlimited capital has placed a WEB on the token, which essentially sucks the liquidity out of the community and suppresses price discovery.
That tweet can be read here for anyone that would like to see it. It also explains why I think it could be the next “Bonk-like” token in the SOL ecosystem and what makes Bozo so unique.
If my theory is correct all the liquidity in crypto… all the liquidity that have been stored in all forms of crypto assets, NFTs, all types of things, including national inflationary currencies that is coming into to trade and invest in crypto, that is being converted to liquidity that traders can use to trade memecoins is being extracted by these WEB bots.
I have called them whales. I have believed that the whales were doing the manipulation. But it’s not, it’s merely malevolent traders with large unlimited amounts of capital that are merely extracting all the wealth that comes into the SOL memecoin system, who do not care about the memecoins or projects that they are connected to.
Bozo is a perfect example of that. Why was Bozo before it’s fast rate of growth able to go from a $1.5 million market cap to $18 million, and then in breakout of a mega bull pennant, with way more support and new members across crypto, stalling out at a $12–13 million dollar market cap?
Now one could say that sure, these initial investors who made money on the run up are just removing initial and not putting any more in the project. One could say that that there was no more interest in the project, and it wasn’t growing, so no new money was coming in. Unique holders of the token have been steadily rising from an already high number of 40,000 to 43,000 in the last few days. In comparison, $WIF (Dogwifhat) has less unique holders at 41,000 and Myro has 28,000 unique holders. Bozo has similar liquidity levels to both projects at 1/30th the market value of $WIF and 1/20th of Myro.
I believe is what happens is the WEB bots have perfected technology to anonymously extract the wealth of those who invest in a project.
It has been happening in commodity HFT bots for years and allowed. Bots that never lose money and just extract wealth from investors and also never allow price discovery to occur. In some reasons to “hide inflation” that the government creates from printing money endlessly.
It’s a travesty on our economic system to remove the risk of investment and to move to a system that bots that never lose just extract wealth from its citizens.
I believe the same thing is happening in crypto, and it’s sad to see.
It happened in the commodity markets for 15 years. The little guy couldn’t make it because the bots can see all. They can see all stop losses and can “absorb” the losses of investors while taking small hits to itself.
Same thing is going on in crypto in my opinion.
And some mfers are just laughing all the way to the bank doing absolutely nothing.
NFTs are probably under the influence of WEB activity in that they have changed into being assets traded on Blur pools where those who are manipulating the price have no connection to the community, but only desire to extract wealth from the little guys who buy high emotionally and sell low.
The question is how do we do anything about it? How do we put a stop to it?
Is there a way?
Is there a way to save the system? Commodity trading? Crypto trading? Memecoin trading? When all they are is literal ways to “extract wealth” from the little guys?
These WEB bots do not trade in emotion. They are as ruthless as can be.
Whereas an emotional trader or investor will buy on what is perceived to be a breakout. When enough of these emotional buys are made, the WEB bot has perfected the ability to through multiple wallets artificially dump the price down to a level that it is aware that many of these emotional investors will be scared enough to jeet their bags.
Here is an example from last night on a breakout of a bull pennant chart, where a fakeout to accumulate new buyers was then artificially dumped to absorb the losses of individual traders who would sell. And then when it was at a certain level, “propped” by same WEB bot to continue the process.
When the WEB bot, which can see all, realizes it has absorbed enough of the human traders' losses, it repeats the process indefinitely.
The whole market is just artificial. There is no foundation to it except this. I believe it was built with this intention.
More or less no SOL memecoin will ever be able to find true price discovery like a DOGE, etc, because the WEBs are just constantly extracting the liquidity of the communities who believe in the token. It’s like a hidden tax and stealth “stealing.” The only way to make money is to play hot potato. To make large gains in one coin, and then to repeat the process over and over in other new coins, which means that traders have zero care about the projects that they are investing or trading in. Which is the exact opposite of the way the summer of 2021 was and made it special.
What this means is that tokens like DOGE that were before the inception or technology existed for WEB bots, actually had the chance to pump to crazy numbers.
But with WEB bots dominating the markets, it’s completely artificial.
It’s just 5,000 memecoins starting a day. Some make it and are promoted by influencers. Those that do are then WEB extracted until death. Rinse and repeat until we are all plebs again.
Wealth is being rotated into the SOL ecosystem by crypto people and normies, then just stealth drained by those behind the scenes.
WEB bots and people building up hype in certain tokens, then WEB bots extracting as much as they can on a plan.
And then repeating the process in the next coin.
Forever or until all of the wealth has been extracted from all the traders and crypto people across CT and normies entering the market.
It’s just a huge fucking farm.
We are being farmed. We are being led to believe certain things have the potential to go higher and they may, but if you have niche projects with a lot of demand, this artificial system of price suppression and “wealth absorption” means that price discovery can never take place.
It has literally removed the risk out of investment. Rewards come after risk, and the little guy is risking their wealth, while the WEB bots and owners have no risk and just extract. The WEB bot owners promote the market itself on crypto twitter and have turned it into a degenerate pure gambling system, completely different than crypto was in the bull run of 2021.
That is where we are.
I cannot “prove” what I am saying exists. I am just saying it is the only thing that makes sense in my opinion and I’m trying to see if others have noticed similar things or if they also believe something along this line is occurring in the memecoins that they believe in and promote.
Since the beginning of time reward came from risk.
And these mfers have turned it upside down and just print every day.
The only question you have to ask is what do we do? Do we just go along with it?
When people wake up, will they just quit?
Should you pull your money out of memecoins because of their lack of upside potential in a WEB environment?
Should you pull your money out of Bozo? Or does this WEB bot actually “want” Bozo to go higher and you should put or keep it in?
My prediction is that Bozo could be the first anon zero fee deflationary currency. Something that could be a tool that as supply continues to decrease, and demand increases from utility and store of value, it could rise indefinitely. Like a pie that is just constantly being spread amongst others.
That is IF it does continue to grow into a much larger and more in demand project. If the rate of growth continues, an automated system of deflation mixed with demand should theoretically give it a shot to be a long term legitimate “store of value” overtime.
But with my understanding of these WEB bots, this prediction is impossible to make, because they will always extract the wealth of new money that is entering the system of emotional investors who buy in and then are scared out by artificial price manipulation.
$Bozo is like a very fat calf that is being milked. It has so much potential. Because of the community, the art, the utility, the tokenization or lifeblood of the project. All of this combined is original in the space. Essentially tokenization of a project gives community members the ability to spread awareness and new unique holders by gifting or sharing the token across Twitter. No one has truly seen this phenomenon in the space. The leadership of Bozo is also at a very high level and fully in command of the project.
For NFT projects to succeed you need 1. Community. 2. Good art. 3. Utility. 4. Great founders. To add zero fee transaction tokenization to this, it is unproven, but I believe it is a recipe for huge potential success. But with WEB activity, it hampers the potential “forever.” And essentially the work that is being done on the ground by community members to spread awareness is going to waste and we are all working for these WEB bot owners unknowingly.
$Bozo will just be milked. The thing is: does the WEB want the calf to die, or is it going to create volume indefinitely to keep it alive until we see a much higher level so that it can extract more on potential CEX listings in the future?
I honestly don’t know.
$Bozo is just an example. I believe the same thing is going on in every major memecoin today. WIF (Dogwifhat), Myro, Used Car, BONK, all of them… The value lies in the ability to give or trade in and out of these tokens instantly and anonymously with zero fees. Bozo just is different in that it actually has a foundation and an ecosystem of deflationary mechanics that gives it actually the ability to sustain itself long term, whereas there is a good shot the others will eventually die off, especially if they have WEBs extracting the liquidity from traders and investors.
Furthermore, engagement numbers with a token connected to a project that is being given to distribute awareness has not been done yet. And I do believe Bozo will be the project that shows this off. It’s like a superpower to be able to know how to engage but even more so with a token that has gained legitimacy, is desired by CT, and has potential to rise.
There is also a tremendous amount of utility coming to the Bozo NFTs as well as arbitrage opportunities to trade the Bozo NFT / $BOZO pair, that doesn’t exist in any other memecoin or NFT project. I explain this concept and the utility coming below.
Just like price predictions that used to work in commodity chart reading before the inception and mass adoption of HFTs in major commodity futures markets, price predictions and charting do not actually work in memecoins not because investors or traders are just hopping from token to token, but because of WEB activity extracting wealth.
For this reason, I will stop making predictions on where the price of $Bozo can go.
I have also liquidated half of my $BOZO holdings, which was a small amount relatively. 60 billion $BOZO down to 30 billion which in USD terms was around $7k down to $3.5. This could be a bad decision if it does well long term. Not because I don’t believe in the token. I just need liquidity for bills/rent and am limiting my risk on downside potential. Especially if the WEB senses a stall in momentum. On the other hand, I will not sell my Bozo NFTs nor Bozo Council ever, because I do believe for all the reasons above, long term it has tremendous potential.
Because I see awareness increasing. The community is vibrant. Our art and utility is unlike anything in crypto Twitter and devs are based.
I believe in being fully transparent in my investments. And if I believe something is going on, it’s hard for me to be silent and think it is important to warn others not just in $BOZO, but all SOL memecoins, just in case there is something like this going on.
So it remains to be seen when the WEB is ready, and CEX hits which will increase awareness and eyes, if WEB is gonna send us to higher levels for higher extraction. I do not think it would be in best interest of the WEB to milk $BOZO to the point of death.
But I don’t know. This is all new and I’m still studying the concept.
I have been unaware of this system until now, and thought this was whale manipulation, when in reality it is WEB manipulation, controlled by those who do not give a flying fuck about our community, our token, or anything.
You either take your money out, and we crash, or you believe in Bozo and that WEB will stabilize and accumulate and extract until it believes it’s time to send us to higher levels to extract more.
The issue is that these WEB bots probably do have a plan to bring $Bozo to a higher level just cause our liquidity is so high. Because of high liquidity our potential for volume is high. Our unique holders are higher than the major memecoins $WIF and Myro, and the trajectory the project is on is more like that of Bonk, which is 100 times Bozo’s current market cap. Our potential for growth is very high essentially long term.
Because of the uniqueness of the project and the ability for community members to increase unique holders and awareness not through selling their tokens to random people across crypto twitter, but by giving them away in small, fractionalized ways that will increase as the market cap rises, this encourages new people to join and support the project. This concept has never fully been implemented that I am aware of in crypto twitter.
But with all WEB bots, my prediction that a project and token could indefinitely rise if the utility was there is probably false. They will just extract and always make it to where there will be someone left holding the bag at a top. That even with a zero-fee deflationary currency, that with increased demand and decreased supply, there will essentially always be a top, rather than its opposite potential in a non-WEB environment.
Ultimately what I am trying to prove or argue for is that in a trading ecosystem that can’t be shorted, and in a system where new money is coming in and the currency is deflationary, the ONLY reason it would not go up is WEB activity. And this is happening in all SOL tokens and not just $BOZO.
WEB destroys and creates. It destroys by sapping wealth and manipulating markets. It creates by manipulating markets up until new investors and growth can be re-achieved.
Because with very little actual money in multiple wallets a chart can be painted and wealth and liquidity can be absorbed overtime.
Because I believe this is going on, I do not think I can continue to promote the project as much as I was in the past. I do not think it is the project’s fault at all. I don’t think whoever is running the WEB is a Bozo.
Just seeing it this way, as a wealth extractor, and as SOL tokens this way, I can no longer support at the same level that I have, because the WEB owners are milking us and we are working for them.
I believe Bozo Collective is going to continue to grow to be a player in crypto Twitter and I believe there is a chance that the WEB will manipulate it or support it to go higher, but because the extraction is just grinding people’s wealth risk free, it’s not something I can truly support. I have derisked some of my $Bozo for personal bills, but I will hold all the NFTs and rest of my 30 billlion $bozo to zero if need be because the community is fucking amazing, the utility is next level, the art is absolutely top shelf, and the founders cook everyday.
I’m not exiting everything because there is still a better than zero chance the WEB is wealth extracting but also “propping” Bozo from any dumps, because it is setting itself up for a larger run to wealth extract at higher levels because of the uniqueness of project, high liquidity and volume potential, and rising unique holders.
WEBs thrive in an environment that is volatile. There has never been an easier way to steal money than WEBs in volatile memecoins …
So if you want to be safe, take some off table. If you believe this will run, buy more or hold.
Appetite for tokens is increasing. Appetite for risky assets is increasing. The Bozo WEB may be eating and wealth extracting. But I think it’s gonna prop this up and set us up for being sent because it somehow sees or “senses” our potential. I could be completely wrong. Perhaps some Bozos read this and decide to jeet everything. Could happen… Never risk anything in crypto that you can’t afford to lose.
So, I will continue to hold, but I won’t predict charts, nor will I promote Bozo as much as I have in past two weeks because I do not believe in promoting an asset I consider to be a wealth extractor for a risk free never lose bot.
WEB on Bozo is bearish long run, and my original predictions of what is possible is incorrect, as it will be a tax and extractor long term, but short term it may be setting this up for a major run, because of high liquidity, potential for high volume, spreading Twitter awareness, community, and art, and a growing appetite for risk asset investment of “legitimate” memecoins.
Whatever happens to $Bozo, the community is something that cannot be removed nor replicated. This support is the original reason why people invested into NFT projects. The connection. That will not go anywhere. Even if there is a decrease in the market value of $Bozo, it will still hold value long term and will in my opinion never reach “zero.” It will just be hampered from finding true price discovery like tokens before the perfection of WEB activities in the crypto ecosystem existed.
I am against tech that never loses for owners and manipulates price up or down. 100%. But I don’t know what we can do about it at the moment.
Thanks for reading.
Even if there is no risk for these WEB bots who can calculate the odds of winning , there is risk for us. So don’t invest if you are worried. This is a hella risky play. And there will be a top, but it may be a lot higher than here.
WEB is a plague on CT and a plague on the wealth of CT, but if you can predict that a WEB is active in a token like $Bozo, and that it has plans to setup or prop up a token until it “sends” then you can still make money.
I could be way off, that’s why I have taken some off table, but that’s my prediction. That it senses the potential of Bozo and will manipulate price until send occurs.
I will hold this project to the grave, cause I love the project as a whole. I just don’t like the WEB.
A lot of people may look at this article and be upset if price drops. I’m writing it because I cannot promote or influence for a project if I have a guilty conscience. Everything I have tweeted since $Bozo inception I truly believed. I just couldn’t conceptualize a WEB that would hold the price down.
I believe the Bozo devs and community have done nothing wrong except hit home runs over and over… but I feel we are all sort of working for this anon WEB extraction group without being aware of it, and it’s not a good feeling.
If price dumps, it dumps… Bozo culture, the way the community really is, the OGs don’t give a fuck. We grinded our faces off to build this from $1.5 to $18 and if it dumps it dumps. Those who aren’t on board, those who are too caught up in the price, they may sell and look for the next hot potato that will also be in some form of WEB.
This will be a store of value token, whether higher or lower. I’m just trying to figure out what we can do about potential WEB bot extraction and how to get out from it. If there is anything at all that can be done.
With everything this community provides, with the utility that’s coming for holding, idgaf if $bozo goes to zero. If you know the importance of community and utility, everything eventually takes care of itself. Real community is priceless.
I’m gonna take a week long break. No discord posts, no tweets…. I gotta step away just because it’s been a 24/7 grind for me since $bozo was released. Been grinding heavily seeing this all develop… For my health and to keep my job have to step away for a bit, but I’ll be back fam… hold the fort.
If this post helps you at all, in terms of seeing the potential for the same WEB activities taking place in the SOL memecoins you are invested in and to divest accordingly, if you believe in Bozo buy the NFTs. Join the community. I know that the Bozo movement will not stop from any drop in the price of $bozo. I know that the Bozo movement will not stop from any drop in the price of Bozo NFT. And that this is merely another stage in it’s long term development.
Why? Because the community is freaking strong. The art is too head and shoulders above anything not only on SOL, but on ETH. The utility that will come from holding BOZO is going to be high and make people in CT see new possibilities.
If people judge me and call me a crazy conspiracy theorist idgaf. Because projects go through stages. And this is just one those… Bozos are better. It’s not just a saying. All the things they are doing, pushing the boundaries of what a project can do proves that… and eventually people will see it too.
My goal for this post is for it to bring an open debate about what is going on in crypto at the moment. And that the HFT movement in major commodity futures market manipulation has just been transferred to the crypto space and it’s draining the wealth of the people across all of crypto world. I can’t prove it, but that’s my theory.
Bozo is a golden calf that’s just being milked. If you think the WEB will not kill the host keep money in. If you look at liquidity to market value ratio combined with unique holders increasing everyday, combined with the community, art, everything, then it could only be a matter of time before the WEB takes it to next level through manipulation for higher extraction activities.
More or less do not risk anything that you can’t afford to lose. The number one rule in crypto and trading/investing in general.
It’s not fair for some to make money risk free EVER at the expense of others who do take risk. It’s unethical. It’s stealing.
I’m not a whale but a pleb… who loves crypto and the SOL token movement and especially Bozo.
I am trying to be as honest and transparent about everything. Silence is accepting the situation we are in. By opening debate, we can then attempt to figure out how to do this properly or if is all destined to crash.
If you have lost money or will from my tweets or predictions, I apologize. Everything I said is what I believed. As new knowledge and speculation has come, I am trying to be as transparent as possible for the good of all communities and not just Bozo holders.
If you want to help, buy a Bozo NFT and support the community who is pushing boundaries in crypto every day.
If you made it this far, thanks for reading.
Graffi
Graffirap@proton.me
